UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): November 15, 2005


Offshore Logistics, Inc.
(Exact Name of Registrant as Specified in Its Charter)

                         Delaware                          001-31617 72-0679819
              (State or other jurisdiction               (Commission File Number) (IRS Employer
               of incorporation)                Identification No.)


                   2000 W. Sam Houston Parkway South
                   Suite 1700
                   Houston, Texas 77042
                  (Address of Principal Executive Offices) (Zip Code)

        Registrant’s telephone number, including area code: (713) 267-7600


        Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

        |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

        |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

        |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

        |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 7.01. Regulation FD Disclosure.

        On November 15, 2005, Offshore Logistics, Inc. (the “Company”) issued a press release to announce its election to extend to December 15, 2005 the waiver period for complying with the financial reporting covenant and related compliance certificate and auditors’ statement covenant in the indenture for its 6 1/8% Senior Notes due 2013 and a similar waiver arrangement for its revolving credit facility and a term loan under which an affiliate of the Company is borrower and the Company is a partial guarantor. A copy of the press release is furnished with this report as Exhibit 99.1, and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

Exhibit Number
Description of Exhibit
99.1 Press Release dated November 15, 2005


Limitation on Incorporation by Reference.

        In accordance with General Instruction B.2 of Form 8-K, the information set forth in Item 7.01 and the related exhibit furnished in Item 9.01 of this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth in Item 7.01 and the related exhibit furnished in Item 9.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 15, 2005

OFFSHORE LOGISTICS, INC.
(Registrant)


/s/ Brian C. Voegele
——————————————
Brian C. Voegele
Chief Financial Officer, Senior Vice President, Secretary and Treasurer